Silvia Jaqueline

Silvia Jaqueline A. V. is 38. She is single and lives in the Chillanes canton in the province of Bolivar. She has 2 children ages 15 and 8. Silvia is a member of the rural Genesis community bank, which is located almost 2 hours from Chillanes. There are 11 members in total, the majority of whom cultivate corn, rice, soy, plantains, potatoes, and other items. Silvia is a farmer. She grows corn and soy in the summer and rice in the winter. She makes her purchases and sales in Mata de Cacao every 2 weeks. She is requesting this loan to sow corn and cocoa. With this loan she will change her economic situation little by little. Her dream is for her children to have a future in education. This is the best that Silvia can leave them. She enjoys playing sports, especially indoor soccer.

Additional Information

About Cooperativa San Jose

This loan is administered by Cooperativa San Jose, a 45,000-member credit union located high in the Andes Mountains of Ecuador’s poorest province, Bolivar. They offer a unique loan called “Ventanillas Rurales” [Window to the Countryside], which uses a group guarantee but is an individual loan with a savings component, mostly to rural borrowers. Due to low savings rates and a history of macroeconomic instability, many traditional loans in Ecuador demand interest rates that are prohibitively high for some borrowers. There is also a high incidence of extortionist black-market lending in Ecuador. CSJ helps mitigate these problems by providing a less onerous and more appropriate option. Join CSJ’s Lending Team!